SPD raises EUR 370 mln through private placing

Scandinavian Property Development (SPD), a new company established by the financial group SEB Enskilda and Aberdeen Property Investors, has raised EUR 370 mln through a private placing with international investors. The company said the 'highly successful,' equity offering was four times oversubscribed and attracted more than 230 investors from the US, UK, Sweden, Norway, Finland, the Netherlands, Monaco, Iceland, Germany and France.

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